UPDATE: China Trade Officials Arrive for Another Round of Talks

A delegation of Chinese officials has arrived in the U.S. to continue talking trade. The Chinese group will be led again by Vice-Premier Liu He. These meetings come on the heels of a U.S. delegation meeting with Chinese counterparts last week in Beijing. President Trump called those talks "very productive". Others saying much work remains.

Our Washington sources say both sides are working toward a "memorandum of understanding", but that is not the same as a framework agreement that President Trump and Chinese leader Xi Jinping can work on. Some observers say the two leaders will take up and resolve remaining issues when they meet at an unspecified date and location.

Washington Farm Journal Correspondent Jim Wiesemeyer says "this will not be done this week. I think there should be substantial progress this week, but the thorny issues with their economy, structural issues, intellectual property, forest transfer, business practices; that's going to take a meeting between Xi and Trump and probably more on that as well."

The U.S. is scheduled to raise import taxes on $200 billion dollars worth of Chinese goods at the beginning of March, but the President has said he's considering extending that deadline.

Talks are also still going on in Beijing. China's foreign minister met U.S. business and trade leaders on Monday. Wang Yi, China's Foreign Minister, shook hands with U.S. Chamber of Commerce Vice President Myron Brilliant. Both sides expressed hope that a trade deal can be reached.